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50 Pounds Palestine Saving Bond
| Issuer | هيئة وادى النيل العليا لأنقاد فلسطين (Higher Nile Valley Authority for the Rescue of Palestine) |
|---|---|
| Year | 1948 |
| Type | Vouchers |
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| Obverse description | Circular portrait vignette of King Farouk of Egypt at upper centre, set within an ornate geometric lattice border with Islamic arabesque motifs. Two circular guilloche medallions at lower left and right each bear the denomination 50. A red circular official stamp overprint appears at left centre, with Arabic calligraphic inscriptions on ribbon banners across the centre field. A detachable counterfoil at left mirrors key inscriptions and serial number. |
|---|---|
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| Reverse description | Reverse entirely unprinted, with plain cream paper stock. The perforated counterfoil separation line is visible at left edge. |
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| Comments |
The Higher Nile Valley Authority for the Rescue of Palestine was one of several pan-Arab fundraising bodies that emerged in 1948 to finance military and humanitarian efforts during the Arab-Israeli War. This bond was not a banknote in any formal sense — it carried no central bank guarantee and was never legal tender. Its issuing authority had no governmental standing, operating instead as a semi-official relief and mobilization organ drawing support from Egyptian nationalist circles in the aftermath of the May 1948 Arab League intervention.
Fifty pounds was a substantial sum at the time, placing this instrument squarely in institutional or wealthy-donor territory rather than general public subscription.